May 2024 Economic Advisor now available

Posted By: Erin Russell Economics,

The May 2024 NFFS Economic Advisor is now available! Please note that you must log in to your member account to see this members-only publication.


In this issue:
  • A Closer Look: The U.S. Economy: Is Mexico Still Hot?: "With its proximity to the US and relatively less expensive labor, Mexico has long been considered a go-to spot for manufacturing. But the question stands: Is Mexico still the hot place to be? Based on economic factors, the answer is yes."
  • Macroeconomic Outlook: "The inverted US Treasury Yield curve is not having the same adverse impacts on markets as is typical for several reasons, including high levels of government spending and consumer resilience."
  • Leading Indicator Snapshot: "The ITR Leading Indicator™ rose in April. Ongoing rise in the Indicator suggests some upward momentum is possible for US Industrial Production into at least the second half of 2024"
  • Manufacturing Industry Analysis: "Manufacturing overall will contract slightly in 2024 before a more robust 2025."
  • Readers Forum: "I have seen numerous headlines about layoffs recently. What does this mean for the labor market?"

The NFFS Economic Advisor provides economic data that is sourced and compiled on a monthly basis by ITR Economics for members of NFFS. It provides leading indicator trend data and relevant economic news to assist foundries with their internal economic analyses and business planning.